HALISTER: Abbott to Pay $51 Per Share to Buy Alere in Amended Pact

Abbott to Pay $51 Per Share to Buy Alere in Amended Pact

(Bloomberg) -- Abbott and Alere have agreed to amend their merger pact and dismiss their respective lawsuits, the companies said in a statement today.
  • Abbott will pay $51 per common share to acquire Alere
  • The new equity value of about $5.3b was cut from originally expected equity value of about $5.8b
  • Under the amended terms, the date by which necessary regulatory approvals must be received has been extended to Sept. 30, from April 30
Link to Statement:Link

Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
ALR US (Alere Inc)
ABT US (Abbott Laboratories)

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UUID: 7947283

HALISTER: Abbott Said to Agree to Buy Alere For $51/Shr; Ends Lawsuit: FT

Abbott Said to Agree to Buy Alere For $51/Shr; Ends Lawsuit: FT

(Bloomberg) -- Abbott ends legal battle by agreeing to buy Alere at $51/share rather than $56/share, FT reports, citing unidentified people close to the matter.
  • Expected to be announced imminently; values Alere’s equity at $4.4b

Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
ALR US (Alere Inc)
ABT US (Abbott Laboratories)

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UUID: 7947283

HALISTER: Apple Considers Investing in Toshiba Chip Ops., NHK Says

Apple Considers Investing in Toshiba Chip Ops., NHK Says

(Bloomberg) -- Apple is considering an investment of at least several billion dollars in Toshiba’s chip business, NHK reports, without attribution.
  • Link to original story (Japanese language): https://goo.gl/HJNQTw

Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
AAPL US (Apple Inc)
6502 JP (Toshiba Corp)

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UUID: 7947283